IBOV 172,744.02 ▲ 0.82% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL5.56▼ 0.39% USD/MXN18.67▲ 0.26% USD/CLP983.26▼ 0.10% USD/COP3,295▲ 0.64% USD/PEN3.41▲ 0.01% USD/ARS1,549▲ 0.18% USD/UYU40.52▲ 3.70% USD/PYG6,174▲ 1.84% USD/BOB11.63▲ 0.92% USD/DOP60.48▲ 0.13% USD/CRC446.01▲ 1.66% USD/GTQ7.64▲ 3.18% USD/HNL26.90▲ 0.20% USD/NIO36.62▲ 1.17% USD/VES899.36▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 2.33% USD/TTD6.72▲ 2.23% EUR/BRL6.17▼ 0.18% BRENT 92.60 ▲ 1.21% WTI 87.06 ▲ 1.19% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.00% GOLD 4,038 ▲ 0.19% SILVER 52.54 ▲ 2.81% SOY 1,226 ▲ 0.14% CORN 446.50 ▼ 0.56% WHEAT 596.25 ▲ 0.59% COFFEE 262.45 ▼ 3.30% SUGAR 18.33 ▲ 1.33% ORANGE JUICE 146.00 ▼ 0.51% COTTON 82.64 ▲ 5.02% COCOA 5,040 ▲ 6.28% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 61.02 ▲ 1.73% PETR4 43.47 ▼ 3.29% VALE3 65.05 ▲ 0.39% ITUB4 41.85 ▲ 1.58% BBDC4 14.72 ▲ 1.24% ABEV3 15.75 ▼ 0.25% BBAS3 17.10 — 0.00% B3SA3 14.80 ▲ 2.21% WEGE3 51.32 ▲ 0.73% PRIO3 61.32 ▲ 2.17% SUZB3 54.53 ▲ 0.13% RENT3 30.44 ▲ 2.18% AZZA3 15.26 ▲ 3.60% CSAN3 2.81 ▲ 4.85% RAIZ4 0.30 ▼ 98.77% PCAR3 2.57 ▲ 0.39% GMAT3 3.99 ▲ 4.72% PSSA3 46.48 ▼ 0.41% CVCB3 0.90 ▲ 4.65% POSI3 3.31 ▲ 5.08% SLCE3 17.21 ▲ 0.70% NATU3 5.63 ▲ 1.44% BRKM5 2.98 ▲ 2.05% RANI3 8.56 ▲ 1.30% CSNA3 4.46 ▲ 1.83% IBOV 172,744.02 ▲ 0.82% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL 5.56 ▼ 0.37% USD/MXN 18.68 ▲ 0.28% USD/CLP 983.26 ▼ 0.10% USD/COP 3,293 ▲ 0.57% USD/PEN 3.41 ▲ 0.07% USD/ARS 1,549 ▲ 0.18% USD/UYU 40.52 ▲ 3.70% USD/PYG 6,174 ▲ 1.84% USD/BOB 11.63 ▲ 0.92% USD/DOP 60.48 ▲ 0.13% USD/CRC 446.01 ▲ 1.66% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.90 ▲ 0.20% USD/NIO 36.62 ▲ 1.17% USD/VES 899.36 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 2.33% USD/TTD 6.72 ▲ 2.23% EUR/BRL 6.17 ▼ 0.14% BRENT 92.60 ▲ 1.21% WTI 87.06 ▲ 1.19% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.00% GOLD 4,038 ▲ 0.19% SILVER 52.54 ▲ 2.81% SOY 1,226 ▲ 0.14% CORN 446.50 ▼ 0.56% WHEAT 596.25 ▲ 0.59% COFFEE 262.45 ▼ 3.30% SUGAR 18.33 ▲ 1.33% ORANGE JUICE 146.00 ▼ 0.51% COTTON 82.64 ▲ 5.02% COCOA 5,040 ▲ 6.28% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 61.02 ▲ 1.73% PETR4 43.47 ▼ 3.29% VALE3 65.05 ▲ 0.39% ITUB4 41.85 ▲ 1.58% BBDC4 14.72 ▲ 1.24% ABEV3 15.75 ▼ 0.25% BBAS3 17.10 — 0.00% B3SA3 14.80 ▲ 2.21% WEGE3 51.32 ▲ 0.73% PRIO3 61.32 ▲ 2.17% SUZB3 54.53 ▲ 0.13% RENT3 30.44 ▲ 2.18% AZZA3 15.26 ▲ 3.60% CSAN3 2.81 ▲ 4.85% RAIZ4 0.30 ▼ 98.77% PCAR3 2.57 ▲ 0.39% GMAT3 3.99 ▲ 4.72% PSSA3 46.48 ▼ 0.41% CVCB3 0.90 ▲ 4.65% POSI3 3.31 ▲ 5.08% SLCE3 17.21 ▲ 0.70% NATU3 5.63 ▲ 1.44% BRKM5 2.98 ▲ 2.05% RANI3 8.56 ▲ 1.30% CSNA3 4.46 ▲ 1.83%
since 2009
Wednesday, November 11, 2026

Brazil Politics - Brazil

Petrobras CEO Prates Said to Secure Position Amidst Government Deliberations

By · · 2 min read

Jean Paul Prates is reportedly set to continue as the CEO of Petrobras, Brazil’s leading oil company.

This is despite facing challenges from within the government and public debates about the company’s future path and its leadership approach.

Prates navigates internal government discussions and policy reviews, enduring potential replacement talks amid broader uncertainties.

Free daily brief — no card needed
Get every Brazil story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

President Luiz Inácio Lula da Silva expressed dissatisfaction with some of Prates’ policies.

He stressed an investment plan fostering job creation and reducing Brazil’s reliance on agricultural imports.

Petrobras CEO Prates Said to Secure Position Amidst Government Deliberations
Petrobras CEO Prates Said to Secure Position Amidst Government Deliberations.
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Leadership review amid tensions over Petrobras‘ dividend policies mirrors broader conflicts within Brazil’s administration.

Speculation on Prates’ successor includes names like Mercadante and Moretti, with President Lula holding the final decision.

Prates is expecting him to meet soon to discuss the future at the helm of Petrobras.

Amid this uncertainty, Prates has managed to secure support from various factions within the Workers’ Party (PT) and beyond.

He has leveraged this backing to advocate for Petrobras to lead investments that spur job creation and economic growth.

The government aims to align Petrobras with national goals, despite disputes over policies and leadership, emphasizing employment and strategic investments.

The resolution of this situation awaits, with a crucial shareholder meeting on the horizon, potentially setting the stage for significant strategic shifts within Petrobras.

The narrative highlights the delicate interplay between corporate leadership, government influence, and strategic direction in Brazil’s critical enterprises.

Live Company IntelligencePetroleo Brasileiro Petrobras SA ADR — the full investor dossierCompany overview and the latest Rio Times coverage.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.